You Can Take Your Small Business Global With Help From Alternative Funding Institutions

One of the biggest challenges that small businesses face is financing. Since they are labeled as high-risk entities and can’t pledge collateral, traditional financing is often out of the question for small businesses. However, that doesn’t mean you cannot start your own business and expand it on a global scale. With easy and accessible alternative funding, it is entirely possible to put your business online and scale it to an international level. Let’s delve further.

Starting an online business with alternative funding
If you’re interested in putting your business online, then alternative financing is a good way to get started. If you’re starting up for the first time, try to gather funds from friends and family or use a portion of your savings. The best thing about an online business is it doesn’t require huge funding to get started. If you’re selling an online service, having a website and a domain is good enough to start. If you’re planning for an e-commerce site, look for options that don’t require you to have physical warehouses.

Partner with a drop-ship facility to further reduce your cost. Meanwhile, to give a further boost to your online business, take the help of different alternative funding options. For example, microfinancing is a great way to get access to some liquid cash. If you’re not sure how to go about it or which option suits you best, then do get in touch with an expert at Cresthill Capital for a free consultation.

Scaling your online business
Once your online business is up and running, the next step would be to grow it. Online companies do great with a little bit of online advertising. Unlike physical advertising, online advertising is more affordable, and with a little bit of investment, you can reach a huge audience base across geographies.

You can do this on your own, or hire a digital marketer who can do this for you. Depending upon your target market, audience, demographics, and product, you can create an online marketing strategy leveraging the different social media platforms. The good news is most of the social media platforms are free, and you can market your service for a nominal charge.

Why alternative financing?
First thing first. Ask any small business owner about his/her challenges, and they will mention funding as one of their biggest hurdles. Financing has always been a challenge for small business owners who are starting with no credit histories. Since the traditional way of securing finance is out of the question, alternative financing is the only resource available for them. Alternative financing comes with a plethora of benefits for small business owners.

Most importantly, they are flexible in terms of payment options, which means applicants don’t have to pay a fixed amount for a set time period. They can repay according to their sales. Again, alternative financing is fast when it comes to approval — some lenders like Cresthill Capital reviews and approves applications within 24 hours. It is much more lenient in terms of rules and guidelines, unlike the traditional ones.

So, what is holding you back from starting your online business? If you’re still skeptical about the alternative financing, then read Crest Hill Capital reviews to make an informed decision.

Bookkeeping Habits That Every Small Business Owner Should Practice To Secure Alternative Funding

If you run a business, you must have a strong bookkeeping habit. Whether your business is large or small, a good bookkeeping habit will help you run your business successfully. But many business owners, especially ones running small companies, dread the idea of bookkeeping. Lack of time, finding it boring, or just wanting to keep everything in their heads – the reasons could be many, but they all result in messy accounts and financial confusion.

Are you one of them? Then this article is for you. You might not find bookkeeping to be an interesting thing to do, but what about growing your business? Yes, they are linked! If you’re uncertain about your available funds, cash flow, and other nitty-gritty of accounting, then it will certainly hinder your business growth down the line. Sort out your books today, here are a few bookkeeping tips from Cresthill Capital to help you get started.

1 – Keep a tab on all your expenses: That’s what bookkeeping is all about — keeping a tab on your costs. Start doing this by keeping your personal and business accounts separate. Once you have different accounts for both types of expenses, you will find it a lot easier to understand them. Keep tracking all the financial transactions you do in your business account. From spending on team lunch to logistic expenses to availing any alternative funding to meet a sudden expense, you should track everything.

2 – Create a cash flow forecast: One of the many advantages of doing bookkeeping is you will be better able to forecast your cash flow. Once you have your detailed financial records, you will be in a better position to predict cashflows and make financial decisions. For example, if you have a recurring expense at a particular month, you may plan it well, and opt for alternative funding to meet the expenses. It will save you from the last-minute hassle of looking for money. Check out Cresthill Capital, if you are looking for alternative funding.

3 – Invest in a cloud bookkeeping software: Invest in a cloud computing software to save yourself from spending hours on excel sheets. A cloud bookkeeping software with high-quality document management features will make your life and bookkeeping easy.

4 – Make tax time a breeze: Whether you had taken alternative funding to give a boost to your business or spent extra on overheads to run the show, maintaining the log for your business account will make your tax time a breeze. With a good bookkeeping habit, you won’t have to worry much when tax time comes. Read Cresthill Capital reviews to learn more about alternative funding and how it can boost your business if you are planning to take one.

Armed with the financial knowledge about your business, you can make all your financing decisions once you have your bookkeeping records sorted. If your financial forecast is suggesting a quick need for cash, alternative funding can help you ease your worries. At Cresthill Capital reviews, you can find more details on how you can leverage alternative funding to manage your business finances.

A Look At How Alt-Finance Is Helping Restaurant And Cafe Owners Grow Their Businesses.

Alternative online lenders have been around for over a decade now and during this time have supported millions of American small business owners on their growth journeys.

In this article, we will explore the impact of Alt-Lending on one specific industry – restaurant and cafés – through 3 diverse case studies from Cresthill Capital –

1- Opening a second restaurant – Jenny (name changed), is a successful 43-year-old chef and restaurant owner in New York. She opened the doors of her first bistro more than a decade ago, and its enduring popularity pushed her to explore opening a second location.

So, when she discovered that the perfect building in her preferred area was up for sale, she approached Cresthill Capital for a large financing offer. Her bank had agreed to fiancé her mortgage, but that was it! Remodeling the new space, buying kitchen equipment, and other similar costs had to borne by her. With a kid in college, there was no way her savings could cover all this!

After checking her existing business transactional data, Cresthill Capital approved a business line of credit to the tune of $200,000 to cover her entire launch expenses. Jenny used the Line of Credit to withdraw money as and when it was needed and only paid repayment costs on the amount used. It was like using a credit card with a $200K limit!

2- Extending a home catering service – Martha, a stay-at-home-mom in Connecticut, turned her talent as a cook into a business. For years she had been supplementing the family income by baking and selling from home. A chance conversation with a friend about alternative online lenders got her thinking about expanding her business. She had recently been asked to cater for a corporate event and felt that with some capital would be able to upgrade her kitchen to handle more work.

As she didn’t have an established business, her husband took out a merchant cash advance from Cresthill Capital against his company. Martha used the money to set up a new professional kitchen and hired an extra pair of hands and is now working full time catering mid-sized events at least 3 times a week.

3- Remodeling to cater to new demographics – Jason had inherited his family café at 27 and quickly discovered that it was struggling to survive. Some reasons like the old fashioned menu were visible, but detailed market research revealed that the demographics of the area had changed, but the café hadn’t kept up to newer tastes. The millennials and gen-Z were spending the money now, but the café was still catering to their parent’s generation.

Jason knew what he needed to do; he just needed the money to do it. He decided to explore alternative online lenders for his expansion funding, and after reading Cresthill Capital reviews decided to call in to discuss his plans with a team member.

The call resulted in a substantial Merchant Cash Advance that allowed him to carry out a top-to-bottom refurbishment of the place, and he soon saw his sales pick up.

A look at Cresthill Capital reviews online will instantly show the benefits of alt-fin that attract small business owners – they are pleasantly surprised by the speed of the process, the lack of tedious paperwork, and love the personalized service they get at the company. Simply put, alternative finance works well for small businesses like restaurants because it is fast, fair, and easy to access.

Unsecured Cash Advances That Boost Your Business

A vital part of expanding or growing a business is to acquire funding. Now, as soon as you hear of “acquiring funds”, the first thing that comes to your mind is nothing but a bank! Undoubtedly its the best option to go for if one has a great credit score and several assets to put forward as collateral. But what about those small business owners who have just entered this pool and have a zero credit score?

What about those entrepreneurs who do not have any collateral to offer? The answer is Alternative Finance or Non-Bank Funding. In order to keep your dreams of expanding and growing your business alive, there are a number of alternative finance companies that offer different types of funding options at flexible cost structures without considering your credit score or asking for any collateral.

Cresthill Capital is one such name in the world of alt-finance that has helped thousands of business owners achieve their growth and expansion dreams without any stress at all. Continue reading to understand the two main characteristics of alternative lending.

Funding On Bad Credit Scores

Most banks take a very long time to approve the applications of small and medium business owners for the aforesaid reasons. The worst part is that even after months of waiting for approvals, around 80% of applications get rejected, based on their dented credit scores. Nevertheless, when you apply for funds to non-bank funding companies, they always claim that application-to-approval is a simple process where credit scores are not important at all.

Well, if you go through Cresthill Capital Reviews, that is absolutely true as reputed and trustworthy companies use other means to analyze an entrepreneur’s ability to repay the funds requested. There are several other transactional data like overall sales, revenue stream, expenses, etc. that help in judging a businessman’s creditworthiness much accurately.

No-Collateral Funding

When it comes to the traditional modes of funding, individuals will need to provide assets of value or collateral in order to get a funding application approved. While large-scale business owners get approval due to the availability of collateral, it’s not always possible for the small and medium scale business owners.

Thus, unsecured cash advances can be just the right lifeline for them, as neither collateral nor credit score is required. Companies like Cresthill Capital offer different kinds of alternative finance options that are custom-made as per the requirements of small business owners who have been led down by the banks.

Non-bank funding, therefore, will not affect your property or the business even if there is a payment default. Such cash advances are also flexible in nature. The choice of funding will depend on the need and requirements. With unsecured cash advances, business owners do not need to put their properties in stake in order to secure capital funding.

In fact, as soon as the money is wired into your account, it can then be invested in the new business without any questions asked. Cresthill Capital Reviews claim that finding the right kind of funding for your business can actually affect its growth and success.

Have You Heard Of Crest Hill Capital LLC?

Cresthill Capital specializes in short-term merchant cash advance funding. This company was founded in 2013 and currently has its main office in New York. It caters money to small businesses in need of additional funding. Companies can obtain funding in amounts based on recent trends in cash flow regardless of credit score.

Cresthill is fairly flexible regarding the businesses to which it lends. Their account managers look at factors beyond credit scores when calculating appropriate funding amounts, and the company claims it will fund every qualified application.

Company Profile

Cresthill capital employs people to review applications and find funding solutions for businesses facing difficult financial circumstances. It promises flexible, competitive and dependable financing options and extends funding to industries most other fund providers are wary of lending to or outright refuse. Fast turnaround time and not solely relying on credit history make Crest Hill capital LLC different.

Credit policy

Cresthill claims that no funding request is too big to fulfill. Its Merchant Cash Advances are unsecured, meaning businesses aren’t required to put up any kind of collateral when applying. This puts Crest Hill in a unique category among short-term lenders and positions the company as a potential alternative for businesses that have failed to obtain funding elsewhere due to poor credit.

Instead of looking at credit scores to determine applicants’ eligibility, Crest Hill examines cash flow records and the current needs of each business. As a lender at the center of the non-bank business financing industry, the company provides funding in amounts ranging from micro-files of $2,000 to large funds of $250,000 or more.

It prides itself on fast application reviews and quick delivery of funds and has financed multiple small businesses across a broad range of industries.

Get your queries answered

Every credit company website offers very little information about the company, its policies or its lending process. The marketing language used is fairly standard for all lenders in this industry. Credit companies, however, fail to balance marketing with straightforward answers to some of the most important questions most applicants are likely to ask, including rates and term lengths, etc.

Some companies even fail to provide an email address where inquiries can be directed. However, calling Cresthill Capital customer service for additional information brings potential applicants to a voicemail system with automated menu options or directions on how to get in touch with an account manager.

This leaves the company’s online contact form as another way to communicate if the applicant faces any difficulty in keeping in touch with the lender, Cresthill Capital complaints desk can be approached. An option for the same is even available on the website.

Best Practices to Obtain Successful Outcomes from a Merchant Cash Advance Solution

Are you considering merchant cash advance for quick working capital infusion into your small business? Cresthill Capital is one of the best companies to access funding sources. When it comes to trying a new finance solution, it’s best to understand the do’s if you want to obtain satisfactory outcomes.

Do Track Business Revenues
While a sub-par credit score is not a hindrance to obtaining a merchant cash advance, it is necessary that a small business is profitable. An applicant should have a consistent track record of healthy sales and revenues in the past as well as current scenarios. To evaluate eligibility, Cresthill Capital asks for business information and documentation.

As a small business owner, it’s crucial that you know where your company stands with regard to its financial state. Track recent sales and revenue figures before you apply for a merchant cash advance because you will have to have to pay from future receivables if you get a merchant cash advance.

Do Read Terms of Agreement Carefully
Not all lenders who offer merchant cash advance are the same. For example, some lenders prefer daily repayments whereas others allow for weekly or monthly repayments. You may have heard that the system worked out very well for someone else, but this does not mean you should go in blindly. Cresthill Capital advisors match your small business with appropriate funding sources and put forward an offer for proposed funding.

It’s your responsibility to go through the details of the proposal and then accept an offer. Take the time to understand the terms of the agreement and identify all applicable fees. This could save you from unexpected surprises down the road.

Do Check for Hidden Fees
Although Cresthill Capital reviews prove that the organization is one of the best to access merchant cash advance, conduct additional research by comparing the company with other service providers.

Other companies may have funding application fees, more expensive offers and may charge additional fees for early repayment. With CrestHill Capital, you can avoid all these problems because the organization is reputed for its no cost to apply policy, flexible terms, competitive offers and most importantly, fast approvals – you don’t want to wait a long time when obtaining working capital or growth funding quickly is critical to your business.

Do Make Best Use of Advanced Funds
Cresthill Capital advisors process big as well as small working capital funding requests. The advanced amount is directly credited to the business bank accounts of qualified clients who agree to terms of the agreement.

Whether you want to use a merchant cash advance to cover operational costs in the lean season, implement an advertising campaign or purchase new inventory, make the best use of the funding because you will be paying for it from future receivables.

For quick and straightforward working capital funding solutions, partner a reputed organization like Crest Hill Capital LLC!

Dealing With Business Roadblocks Through The Management Of Working Capital

A successful business calls for successful management of the working capital. This is especially true for small and microbusiness ventures where cash is limited and calls for superior management techniques. So what is counted as working capital? The term is self-explanatory to the extent that working capital is the cash flow required by a business to run its daily work/operations.

It usually comprises of the receivables which include the payments that received or are due from clients as well as the payables which include the amount that the business owners owe to the lenders/suppliers. The overall balance of the current assets (available operating cash) and the current liabilities (expenses and short term debts that are to be paid) is required for the management of working capital.

All said it is not often possible for merchants to foresee the sudden situational needs in the business which leads to insufficient cash flow, causing an unnecessary roadblock in an otherwise growing business. In instances like these, nonbanking lenders like CrestHill Capital are highly favored by small business owners.

Efficient Capital Management

Independent small scale businesses need to keep balanced funding of their working capital. These businesses often have instant cash requirements to repay short term commitments like rent, daily wages, operational expenses, etc. Efficient working capital management is hence required to ensure that sufficient cash funds are available to meet these sudden needs and continue the company operations without stopping at the roadblocks.

This is the biggest reason for the growing popularity of capital funding institutions like CrestHill Capital who provide the needful cash injections in a timely manner to meet the emergency cash flow needs of these microbusiness setups. Of course, most of these capital financing companies like Cresthill Capital reviews the credit card history as well as the sales records of the borrower before getting into a working agreement.

Improves Financial Health Too

It is extremely important for independent small business owners to manage their working capital inventory in order to create positive financial health conditions.

For a business venture to be successful, uninterrupted daily operations, as well as production works, need to happen. Efficient management of working capital not just ensures the same on a day to day level but also paves the way for generating higher long term profits.

Seeking timely cash flow help from nonbanking financial institutions like CrestHill Capital ensures that these small business setups do not reach a stage where they need to seek heavy/serious cash advance from other external financing sources. The overall ability to get the cash advance as well as the ease of repayment based on the sales generated makes it less burdensome for small business ventures to rung their daily operations. The ability to steer clear of the large baking cash advance gives them an overall positive financial health.

Advantages Of Dealing With Merchant Cash Advance Lenders

As mentioned above, dealing with merchant cash lenders has multiple advantages for small business owners. With easy repayment plans that are mostly designed to be flexible, business owners get the convenience of dealing with their financial crisis without having to carry an additional burden of paying heavy timely cash advance.

Repayments are usually a small percentage of the monthly sales (based on the monthly credit card figures) which means that the owners can feel the comfort of paying at par with their sales. While it is true that a leading capital funding institution like Cresthill Capital reviews its customer’s past sales history carefully before forming a strategic partnership, the overall benefits far too attractive for small business owners to look for other options.

Business Financing with Crest Hill Capital LLC

Small businesses often have more roadblocks than larger setups when it comes to securing business funding. While economists and the government both agree on the importance of small businesses as the backbone of a nation’s financial health, they don’t normally receive sufficient support.

Lack of funds is perhaps the biggest rough spot that these small business ventures face. Small cash advances often do not appeal the banking institutions sufficiently. Additionally, it gets tough for small businesses to stick to the monthly repayment systems required by the banks.

This is perhaps the reason why the last couple of decades have seen a huge surge in the nonbanking business financing institutions like Crest Hill Capital LLC. These institutions offer the required support system in terms of advance cash lending to merchants to manage the smooth day to day operations as well as to tide over sudden needs like business expansion, rents, increased employee salaries, etc.

The need for financing in small business
Small businesses are highly dependent on positive cash flows streaming in regularly to maintain smooth operations.

If you’re a small business owner, you’ve probably already done your research with banks in your area and realized that the possibilities of striking a convenient deal are nonexistent. In all likelihoods, banks would often not consider a request for a very small cash advance. Definitely not if you want flexible repayment options too!

Plus there are a good number of criteria like a requisite number of years in business that need to be fulfilled when applying to a bank. And then, you don’t get the cash advance as quickly as your business needs.

Go further in your research and check out capital funding institutions like Cresthill Capital and you’ll realize that the companies offer any amount (irrespective of how small it is) of merchant cash advance for your business funding.

Irrespective of the rocky scenario that your operations are facing, capital funding companies like Crest Hill Capital LLC can prove to be a life-saving option in your time of need.

These companies give a major advantage over banking institutions since they do not go by evaluating your credit ranking or number of years in business. Instead, they are more likely to check the consistency of your revenue streams in the past few years/months and decide repayment terms based on the same.

Key interests
Leading capital funding companies like Cresthill Capital offer a support system for small businesses throughout their business life cycle. Irrespective of the nature of the need, the funding solutions are devised to ease out the operating worries of customers.

Leading funding institutions like Crest Hill Capital LLC finance businesses in multiple sectors/industries like a medical, nightclub, retail, trucking, automotive, small scale industry, liquor stores, etc.

Funding and repayment process
Funding processes with capital funding institutions like Cresthill Capital are simple. On receipt of basic borrower information like past sales history, and signing the deal, the funds are instantly transferred to the borrower’s account. Repayment options are simple and flexible too.

In exchange for instant fund availability, the borrowers are required to repay a pre-decided percentage of the monthly sales to the lender. With convenient attributes like zero application cost, quick approvals, flexible terms, competitive offer, etc, the situation is almost always a win-win one for small business owners.

How Does a Business Get Merchant Cash Advances?

Starting a small business is a risk, but one that many people take for various reasons. It could be that you have a product you think people would like or could use. You may be searching for products yourself and find that you have to visit multiple stores or websites to get them all. Wouldn’t it be nice if these product types were all sold in one place?

For whatever reason, people take the plunge and start a micro or small business. Some do it with a brick and mortar store, others have only an online presence. Once the business is established and you have customers coming in, you realize that you made a good decision and you are pleased that you are now your own boss.

But as any business owner will tell you, there are times when business is slow or a new government regulation increases your expenses.

These are unforeseen events. You can’t know that a new regulation will be instituted or your business license will cost more to renew. You may budget to set aside money for these eventualities, but if you are a new business you may not yet have enough. You don’t need much money, perhaps just a few thousand dollars, but if you go to the bank and there is no guarantee they will want to absorb the risk of a small, new business.

You may not get the loan. You may be better off contacting a capital funding firm such as Cresthill Capital. Just make sure you look up any Cresthill Capital complaints prior to deciding that it is the best company for your business to turn to.

What is a Capital Funding Company?
Capital funding companies are private firms that provide Merchant Cash Advances to micro-businesses and small businesses. Unlike banks, capital funding companies will deal with businesses that are now even companies that are in business for less than a year. The criterion they use to determine if you are eligible for a loan is different than the criterion a bank uses.

For example, Cresthill Capital reviews the receipts of the business. The review period may vary, but for a business that is new, the review period would likely be the receipts since the business’ inception. This gives the funding company a picture of your business.

Is your customer base growing? Are all of your products generating income or just a core group of products? They will also look at what you do with the receipts. How much of it goes back into the business? How much of it helps the business expand.

This would relate to your marketing practices. If you run an online business do you rely only on purchases or do you take advantage of ad revenue as well? Taking advantage of ad revenue can help you during down periods.

How Does it Get Paid Back?
Capital funding firms have a number of repayment methods. They work with the business owner, explain the various repayment options, and then together determine what works best for the business. They have flexible repayment plans.

For example, it can be a percentage of your gross monthly profits or they can work with your payment processor to divert of the percentage of daily receipts to the funding firm. If you need short-term bridge funding a capital funding company is certainly a viable option to investigate.